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20130101
20130131
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Search Results 0 to 30 of about 31 (some duplicates have been removed)
the european politicians and believing in the euro project, are you? >> well, i was. breaking up, wouldn't be here -- >> you're going to tell me that you're convicted on the aussie/dollar. >> no, i'm not convicted. i'm admitting that i've been wrong. we think aussie is terribly overvalued and that's the problem, frankly. >> good to have you on. plenty more to come from you. the ecb is going to keep its interest rates at a record low today. that's what we expect, anyway. the markets will be listening to the delivery tone of mario draghi's delivery. silvia wadhwa is back at her delivery post. 2013 [ speaking foreign language ]. >> everything is going to stay the same. the ecb hasn't got anything to do right now. they've pretty much said everything on track, probably the best, cheapest intervention they had so far was the program. every month announced again. we stand ready to act, but so far they haven't had to do anything because nobody has asked for an omt program yet. but the market believes that the ecb is there as the backstop. so far, that was very successful. in terms of anything el
of the most indebted regions asking madrid for more than nine million euros. >>> roche strides lower after posting solid earnings on strong sales of its cancer medicine. analysts warn about the loss of exclusive rights to a key chemotherapy drug. >>> game over for super mario and friend to turn a profit. nintendo unexpectedly swings to its full-year forecast to a loss showing a poor uptake for its wii u consoles. >>> see you in september. australia's prime minister sets a surprise election date saying it will create certainty for business. >>> okay. welcome to today's program. and you know, we spent all that time waiting for five. today it's about the ten. >> how long did it take you to come up with that? >> about ten seconds ago. >> very good. we're talking about mobile phones. >> yeah. >> do you think people can guess we're talking about the iphone 5. you're waiting for 5. >> you'll about the 10, ladies and gentlemen, blackberry 10. is it the rim lazarus move? >> we saw stocks get whacked yesterday. >>> in corporate news, a couple of things to keep an eye on in markets. the italian oil c
. it was a mixed bag. the dax slightly ekes out a gain, about 2/10 of 1%. the euro stoxx 50 was lower. the dow jones industrial average is treading water at 13,509. the euro is dire 0-- higher. the german social democrats are hoping to turn around their falling support in opinion polls by announcing a plan to crack down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which even some inside the party say will not raise support. >> the social democrat challenger for chancellor says this must stop. >> if the vast majority of german taxpayers feel as if they are the stupid ones for being honest about paying taxes, it begs the question how just is the system in this country. >> the social democrats are calling for a number of measures, including rescinding the licenses of banks accused of systematically helping tax dodge
to the euro. executive vice president added that he expects the global market situation to improve later this year. >> translator: we hope that economic measures introduced by the new administrations in japan, the u.s. and china will help fuel a recovery in consumption in the latter half the year. >> mitsubishi electric will buy out a german firm that designs and develops plant sewage treatment and waste disposal systems. the japanese electronics maker said it reached the deal with kh automation projects to acquire all its shares. my sue beneficia mitsubishi elect tricks say the deal should be completed by march. the goal is to expand the social from your business in europe. the deal will allow both firms to combine each other's products. more japanese electronics firms are boosting their operations in the social infrastructure sector to expand their foot hold in overseas markets. the focus is on waste water treatment, waste disposal, railroads and power generation. >>> now let's check on the markets. european shares are trading at a narrow range as investors are staying on the sidelines
. euro/dollar, we've traded between 1.30, 1.50, 1.32 the last couple of weeks. that's where we stand in europe. we have the latest out of asia. >>> thank you. a mixed day of trade finish asian borses. the nikkei snapped a two-day losing streak ending .7% higher. talk as the boj set to ease its monetary policy this month by boosting its asset purchase program. after a brief pause yesterday the yen weakened against the u.s. dollar again today fueling automakers and other exporter stocks. >>> elsewhere, the shanghai finished flat as investors remained cautious ahead of trade and cip data due out. reports that more property curves will be made itted to tame rising housing prices. agricultural stocks surged on expectations that beijing's urban growth plan will support food production. in hong kong, the hang seng rebounded half a percent from the lowest level in the week. mainly banks gained momentum after ubs upgraded icbc. concerns over q4 earnings sent the kospi lower by .3%. the fifth straight day of losses for south korean shares. i.t. stocks and development ralliers pushed higher .4%
've been up to 89.67. euro/yen, up if you recall, 1119.34 is where we stand at the moment. euro/dollar, 11.335 55, holding on to the gains that we have seen on that particular cross rates. we have industrial production coming out in under an hour's time. that's where we trade right in and out in europe. let bring you the first update of the day from asia. li sixuan is out of singapore. >> hi. thank you, ross. asian markets mostly in the green today. and the outperformer is still china's shanghai composite hitting a seven-month high. this after security regulators said beijing can't miss the quota for investment markets. if you recall, late last week, a top official tr china's signal said growth could come in at 7.7. surpassing beijing's target of 7.5%. sen second mainland stocks finished with .64%. over 15% after profit warnings. and the market is out of action today celebrating the coming of age day. mon tar policy does have an impact on the yen today. the japanese currency soft.ed to a the 1/2 year low against the greenback. we'll see how that market reacts when it comes back online tomo
higher on the bund yields. sannish yields back over the 5% mark. on the currency markets, euro/dollar is at 1.3361. dollar/yen pulling away from its nine-month highs at 88.70th at the moment, as well. that's where we stand in europe. sixuan has more for us from singapore in the asian session. >> sure. thank you, ross. asian markets were a bit of a mixed bag. the shanghai composite gained .6% after yesterday's 3% job. since then, numbers were boosted by china's top security official who said beijing could lift the quota for investors to invest in the mainland markets by as much as nine times. environmental stocks surged. aerospace stock took off on an upbeat industry outlook. the hang seng finished marginally in the red. oil majors and telcos were the market laggers. persisting weakness in the yen boosted exporters. meanwhile, in technology shares wait on south korea kospi ending lower with 1.2%. in australia, the asx 200 ended just a touch below the line. miners were weaker. more on that from our guest later in the show. back to you, ross. >> thanks for that, swish won. catch y
central bank will take full action in coming months. let's take a look at the euro because earlier this tokyo it hit the highest level. let's take a look at other markets in the asia pacific. the kospi is trading down at 1,998. australia is trading higher at 4,728. u.s. president barack obama says republicans have to do what he calls the right thing on raising the debt ceiling. he says if they don't the u.s. faces a federal default and confusion in financial markets. >> the republicans can act responsibly and y amica' bills or put america through another economic crisis. >> obama says raising the debt limit is necessary for the government to meet its obligations. he said he's willing to compromise on cutting the budget deficit but not in exchange for increasing the debt ceiling. the u.s. government has reached a borrowing limit set by law but republicans continue to reject an increase without spending cuts in social security and other programs. now it's not the first time the u.s. has faced such a stand off. in the summer of 2011 the government and coness mained at odds over raisin
next policy meeting. more on that in just a few minutes. but the euro's also lower against the yen. the euro/yen currently changing hands at 117.74-76. taking a look at other markets in the asia pacific region, south korea's kospi, that's trading higher. up half a percent. 1,994. let's take a look at australia. the benchmark index is up by 1/3 of a percent. 4,733. >>> well, policy makers at japan's central bank will discuss whether to take further money-boosting steps at a two-day meeting starting next week. they're apparently responding to the governments call for more powerful measures to tackle deflation and support the nation's recovery. a 2% inflation goal is expected to be included in a document to be exchanged between the bank of japan and the government. the b.o.j. policy makers are to show in writing how they plan to achieve the target requested by prime minister shinzo abe. now, it's likely to be a joint statement and not a legally binding policy accord that abe had originally sought. the aim is to maintain the central bank's independence. b.o.j. policy makers are conside
. the euro hit the 118 level for the first time in 20 months. that pair is changing hands at 118.10 to 15. market participants say worries about the debt situation in the euro zone has eased due to positive comments on the regional economy from the european central bank president. let's see how this is affecting the stock market. the weaker yen is prompting export on stocks. let's take a look at how other markets in the asia pacific are performing. south korea's kospi trading modestly in the negative down about .10 of a percent. look likes a bit of a mixed picture today. over in the united states president obama had revealed his nomination for his treasury secretary. his chief of staff jack lew is poised to replace timothy geithner. >> over the years he's built a reputation as a master of policy who can work with members of both parties. jack has my complete trust. i hope the senate will confirm him as quickly as possible. >> mr. president, i look forward to continuing the challenges ahead. >> lew is 57 years old. he's well versed in financial policy. he served as director of the office o
continues its weakening trend both against the dollar and the euro. right now we have dollar/yen at 88.12. the euro is at 115.444. triggers are selling the yen on speculation the bank of japan will take further monetary easing steps. >>> and that is going to wrap it up for biz tonight. let's check in now to see what's happening with the markets. ♪ >>> thousands of people waiting to go home. tons of debris waiting for disposal. vast tracks of land waiting to be restored. overcoming the challenges of japan's 2011 disaster won't be easy, but step by step people are moving forward. find out how on "the road ahead" every wednesday at 1:00 p.m. japan time right here on "newsline." >>> the people who oversee nuclear safety in japan are still finding their feet. they got to work at the nuclear regulation authority in september after the government merged two other agencies. >> reporter: he is doing a job that has not been done before. he's the new chair of a new agency. he says he's committed to making decisions based on the evidence, something he says that was hard to do before the accident
long. euro/dollar, who cares about that one today? let's talk more about china. we'll head out to hong kong for in-depth analysis. intel giving investors the jitters with a disappointing forecast and a massive increase in capital spending. we'll look at those figures just after 10:20 central european time. 16 minutes later, we'll head out to bangor to talk to the ceo of wipro. >>> and the hostage crisis continues in algeria. we'll have the latest news right after the break. stay with us. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to the program. a spokesman for the british foreign office says the uk government has received no words that the hostage crisis in algeria is over. most of the reports suggests dozens might have been killed during a rescue operation carried out
worried about the euro, the fiscal cliff, saw it as a safe currency. with the rest of the world stabilizing everyone's looking at the u.k.'s underlying fundamentals, no growth, lack of competitiveness, banks talking about weaker sterling. sterling looks vulnerable. >> what happens with the government's finances? the ocd's come out said public spending for 2012, 49% of gdp. it was 49.6% 2011. it was supposed to go down, it went up. >> the gdp numbers were much weaker than expected. we thought there would be a decent recovery in activity. it's than public spending overshot, it's that gdp has undershot. from the ratio point of view you've ended up with a higher level of public spending. >> when you talk it weakness in sterling, what is hsbc saying -- >> against 1.8150. not a huge fall but sterling is one of the weakest of the -- generally soft currencies over the next few months. >> before you go, let's move away from the u.k. just give us your -- your general view of how 2013's going to shape out on a global economy. >> it's a great rotation in the sense that i think we'll see a d
. the euro is trading higher against the yen. let's take a look at other markets in the asia pacific. the kospi is trading lower and in australia the benchmark index is trading higher at 4,724. >>> chinese drivers are steering clear of new cars. directors reported a 5.3% drop over the previous year with less than 1.2 million units sold. toyota registered their first declining sell since entering china ten years ago. sales at honda shrank too. mazda's dropped by 12.9%. the japanese government nationalized the senkaku islands in the east china sea. china and taiwan claimed the islands and it pushed consumers to boycott products. here is a recap of markets. >>> five men appeared in in a new delhi court monday. the men have been charged with raping a 23-year-old woman on a bus. they threw her from the vehicle. she died two weeks later in the hospital. the men heard the charges without defense lawyers present. many lawyers are avoiding the case because of the scale of public outrage at the crime. the trial is expected to be closed to public and media. protesters have been demanding harsh
market expectations. taking a look at the euro against the yen, that's quoted at 118.29-32. let's take a look at stocks now. tokyo share prices are lower. as the yen is gaining ground. the nikkei average trading at 10,651. that is a loss of a little over half a percent from tuesday's close. market sources say investors are selling many stocks but especially export-related issues, and that is due to the yen's strength as well as the fact that the b.o.j.'s measures were almost as anticipated. okay. in other asian markets we are seeing seoul regain that 2,000 level. it is up by 1/5 of a percent at the moment. taking a look at australia, the benchmark index is trading higher by a third of a percent at 4,794. >>> well, the japanese government plans to help the ship-building industry in the northeast region which was hit by the march 2011 disaster. the government plans to subsidize ship builders when they jointly build facilities such as dry docks. the subsidies will cover 2/3 of the cost. in the earthquake and ensuing tsunami 37 ship-yards along the pacific coast were severely damaged. infr
are moving a bit lower today. forex, the euro/dollar is one to watch, up 0.1% today. 1.3330. people are talking about how the ltr payment amounts to tightening. the question then becomes for some of the weaker economies whether it's too strong. dollar/yen moving up today. the yen is weakening by about 0.1%. fitch is saying british banks could need more capital. this has certainly been a theme. something, in fact, out in davos. ross, maria and everyone has been asking banks do they play to raise more capital? ross, what do they have to say about that? >> well, look, there's a lot of folks. what was interesting is when we spoke to the barclay's ceo mr. jenkins this morning said the whole industry when they were growing revenues didn't have to worry too much about costs. now they have to focus on the cost side of the business, which we know they're going to have a transformal plan and that's what they're going to be doing, as well. . capital requirements, how much capital is right when you're still going through periods of contracting growth because, obviously, the higher capital you h
. the calculations are based on an exchange rate of 85 yen to the dollar and 115 yen to the euro. the japanese currency has been weaker than that lately, so this would be considered a cautious outlook. executive vice president toshizo tanaka added he expects the global situation to improve later this year. >> translator: we hope that economic measures introduced by the u.s. and china will help fuel consumption in the latter half of the year. >>> south korean export verse dramatically increased their global market share the recent years with you the tide seems to be turning. a search in the value of the yuan is one reason. >> reporter: weak yuan has provided a strong foundation for exporters but the good times may be coming to an end. is the won has risen against the yen 30% since last june. the currency is fluctuating between 1,100 to 1,200 per 100 yen. the won continued to rise against the dollar. last month, the korea automotive research institute released a report called the recent weakening of the yen and its effects on the car industry. th hyundai motor group is south korea's largest carm
, there is some growing optimism that greece will remain in the euro. the greek stock market has soared over the last year from a little -- from a very low base. transport workers are staging another 24-hour stoppage today. a doctor strike has left hospitals functioning with emergency staff. this comes after the greek finance minister told us that the bbc that he was expressing optimism about the growth outlook. our correspondent tells us why these workers are striking. >> the humanitarian catastrophe that has unfolded here in the last few years is very real. does bear in mind the figures -- just bear in mind the figures. it is staggeringly high unemployment. you have hospitals running out of medicine. schools are running out of textbooks. you have kids who are now having to have food vouchers in schools because their parents cannot afford to feed them. homelessness and poverty are soaring. that is the real cost of greece 's financial crisis, and it is very dramatic inedeed. >> let's move on. some of you think it's too early in the day. it's got to be 6:00 p.m. somewhere. today, half-year re
look at the euro versus the dollars, wow, euro is screaming today. you look at the euro/yen, that's screaming as well. the dollar/yen is screaming as well. so the dynamic of the yen continuing to be under pressure. will this be a huge move? many think, if you talk to some of the japanese officials, they're say it's just getting back to a reality after the end was pretty much decimated about a year ago with respect to too strong relative to the other currencies. no matter how you slice it, all that meats is where we are now and where we're going in the future. >> thank you we'll find out the latest movements in energy. sharon, take it over. >> it's all about algeria. a lot of traders are paying attention to the ongoing hostage situation at the gas field where islamist militants had attacked that facility and still holding some folks hostage there. we have learned from the algerian news agency that about 45 hostages, including some americans had escaped the complex, but still bp is confirming that the situation remains unresolved. it tellses it has confirmation that five of its empl
the average for the entire 20th century. unemployment across the euro- zone countries has hit another record high, 11.8%, in november. the european union reported today the jobless rate rose more than a full percentage point from a year earlier. greece had the single biggest year-to-year increase, jumping seven points to 26%. across the e.u., some 26 million people were out of work. wall street was down again today as the market marked time, waiting for corporate earnings announcements. the dow jones industrial average lost 55 points to close under 13,329. the nasdaq fell seven points to close below 3092. those are some of the day's major stories. now, back to gwen. >> ifill: we return to the u.s. consulate attack in benghazi, the only known suspect held in connection with the incident was released today in tunisia. his attorney said he was freed because of a lack of evidence. the attack, which killed u.s. ambassador to libya christopher stevens and three other americans was seen by large crowds and captured on security cameras, but the culprits have remained elusive. libyan witnesses have r
,000 in the u.s. is being shipped to europe today. if the euro is strong and the economy is stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles. the shop that wants to order it may be unable to get a loan for its inventory. therefore, the instrument never gets shipped. or the customer who wants to buy this guitar may find his money is worth so little he can't afford it. and if this drought in the marine stream continues pushing more businesses and more governments toward default on their debt, then there's a risk of the whole market drying up. so everyone knows each time a shipment arrives in europe like this one, unpredictable market forces here could undermine the value of those guitars and force layoffs back home. >> the last few years just thinking about the economy in general. it's kind of a generalized fear. >> reporter: for now they control what they can. >> if we do a better job when somebody's looking to buy a guitar, they'll look more to our stuff than
. these currencies enjoying an uptick including the euro back to almost 1.35. we'll be right back. >> it is 20 one minutes past the hour. i'm heather nauert with your fox news minute. a federal judge approved bp's guilty plea deal reached with the justice department following the 2010 oil spill in the gulf of mexico. bp pleaded guilty in november to manslaughter charges and other charges and will pay a record $4 billion in criminal penalties for the company's role in that spill. 11 workers died when the macondo well blew out, causing the worst offshore spill in u.s. history. >>> transportation secretary ray lahood is announcing he will leave the obama administration. lahood who spent the past four years pushing for greater safety on the highways and in the air, will stay on until his replacement is chosen and confirmed. >>> high pollution levels and thick smog is surrounding beijing today. authorities are warning children and older adults to stay indoors. the toxic air contains particles thick enough to penetrate lungs. it is forcing flight cancellations. relieve could come tomorrow, snow and rain
Search Results 0 to 30 of about 31 (some duplicates have been removed)